Endeavour Silver Corp. (NYSE:EXK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has received a consensus rating of “Moderate Buy” from the five analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.13.

EXK has been the topic of a number of research reports. BMO Capital Markets initiated coverage on Endeavour Silver in a research note on Monday, June 17th. They issued an “outperform” rating and a $6.00 price objective on the stock. CIBC boosted their price objective on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Alliance Global Partners boosted their target price on Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, HC Wainwright cut their target price on Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a research report on Friday, August 2nd.

Endeavour Silver Stock Up 3.1 %

EXK opened at $3.71 on Monday. Endeavour Silver has a one year low of $1.42 and a one year high of $5.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. The stock’s fifty day moving average is $3.54 and its 200-day moving average is $3.29. The company has a market capitalization of $912.16 million, a PE ratio of -185.50 and a beta of 1.70.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The firm had revenue of $58.30 million during the quarter, compared to the consensus estimate of $62.01 million. During the same period in the prior year, the firm posted $0.01 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities analysts predict that Endeavour Silver will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EXK. Dynamic Technology Lab Private Ltd acquired a new position in Endeavour Silver during the fourth quarter valued at $30,000. MCIA Inc acquired a new position in Endeavour Silver during the first quarter valued at $34,000. Baader Bank Aktiengesellschaft acquired a new position in Endeavour Silver during the second quarter valued at $42,000. Hohimer Wealth Management LLC acquired a new position in Endeavour Silver during the second quarter valued at $42,000. Finally, SG Americas Securities LLC raised its position in Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after buying an additional 7,852 shares during the period. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.